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“# Top traders say Bitcoin log chart points to a 2017-style BTC bull run ” Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin’s strong performance. BTC/USD 1-month chart. Source: TradingView The strong high time frame technical structure of BTC, especially the weekly chart, and…
“# For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M ” On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years. Source: Glassnode. Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by…
“# Bitcoin market sentiment and fundamentals still favor BTC price bulls ” Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct….
“# Bitcoin now has a 7% chance of beating $20K highs in the next 2 months ” Bitcoin (BTC) has a 7% probability of beating its $20,000 all-time highs by the end of this year, data shows. According to data from on-chain analytics resource Skew, as of Oct. 22, Bitcoin options were moving in favor…
“# Bitcoin officially flippens PayPal ” Since PayPal announced adding Bitcoin (BTC) to its platform, the asset’s market cap has exceeded that of PayPal itself. Ironic? At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash’s list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the…
“# Bitcoin’s brief trip to $13.2K suggests profit-taking price correction ” The price of Bitcoin (BTC) surpassed $13,000 for the first time since June 2019. The optimism around PayPal supporting crypto purchases led the overall market sentiment to brighten within a short period. Immediately after the PayPal news was reported, the price of Bitcoin increased…
“# Paul Tudor Jones says Bitcoin is ‘like investing early in Apple or Google’ ” Famed Wall Street investor and billionaire Paul Tudor Jones said that he likes Bitcoin “even more than I did then,” referring to his initial investment announced in May 2020. Jones praised Bitcoin on CNBC’s Squawk Box morning show, revealing that…
“# Gemini exec to join Bitstamp crypto exchange as new CEO ” Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory…
“# Bitcoin top signal from 2017 reappears, but here’s why it may not matter this time ” In 2017, the price of Bitcoin (BTC) reached as high as $20,000 and crashed rapidly. Now the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing…
“# PayPal might issue its own cryptocurrency soon, says CoinShares exec ” Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal…